ICPEI Holdings Inc. announced a non-brokered private placement of up to 440,415 at a price of CAD 1.93 per share for gross proceeds of up to CAD 850,000.95 on November 26, 2021. The transaction is subject to approval from TSX Venture Exchange. The transaction has been approved by the board of director's of the company.

The securities are being subject to four months and one day hold period. On closing of the transaction, it is expected that certain insider will subscribe for an aggregate of CAD 100,000 of shares.